Market participants expected higher premiums on a long-term basis, with buyers scrambling to secure supplies in case the United States government should decide not to remove its sanctions on Rusal.
But sellers told Metal Bulletin that achieving prices higher than the current spot premiums was proving difficult.
Metal Bulletin assessed the price of P1020A-grade aluminium, in-warehouse Rotterdam, duty unpaid
, at a steady $85-95 per tonne Wednesday September 19. The duty-paid price for similar material
was unchanged on Tuesday at $155-165 per tonne.
Long-term deals on a duty-paid...